9 Mar 2022
SECURITIES AND FUTURES COMMISSION v. YU LONGRUI AND OTHERS
- Citation
- [2022] HKCFI 653
- Court
- Court of First Instance
- Case number
- HCMP1112/2019
On the agreed facts the Court was satisfied the Company’s business/affairs were conducted in the manner described in s214(1)(b),(c),(d) of the SFO; R2 and R7 were respectively partly responsible and disqualification orders under s214(2)(d) were justified. Having applied the established three‑bracket and Warderly criteria and allowed mitigation for cooperation and Carecraft settlement, the Court ordered disqualification of R2 for six years (with a carve‑out for EM Management (Hong Kong) Limited) and R7 for 1.5 years (with a carve‑out for Fan, Chan & Co. Limited), together with agreed costs pay…